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$102M settlement to resolve Calif. whistleblower suit against BP
1/12/2018

BP will pay California $102 million to settle a lawsuit brought by a former employee who said the company violated the California False Claims Act by selling excessively priced "exotic financial derivative products" to state and local governments as well as universities. The settlement amount is a record high for a California whistleblower suit involving an oil company, lawyers for the state said.

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